Articles

IPS terminates CFO after disagreement over budget

Indianapolis Public Schools has fired its chief financial officer for “unsatisfactory work performance” one week after Superintendent Lewis Ferebee publicly disagreed with a financial assessment that said the district had a $30 million budget deficit.

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IPS chief declares $30M budget deficit a mirage

New superintendent Lewis Ferebee unveiled the results of his analysis of IPS finances by saying a $30 million structural budget deficit wasn’t real, but was instead the result of a “budgeting tactic” used by his predecessors.

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Cash-strapped IPS to dismiss 23 administrators

Personnel costs make up about 90 percent of Indianapolis Public Schools’ general fund budget of $263.7 million, which prompted an Indy Chamber committee that recently analyzed the system’s finances to call for cuts in that area.

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